The latest edition of our Impact newsletter is now available! |
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Weekly edition of IMPACT, a publication of the Maine State Chamber of Commerce | Thurs., March 18, 2021 | ||||||||||
View this edition online | View an archived edition online | |||||||||
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CALL TO ACTION! Two major labor bills scheduled for public hearings Overtime bill and “for cause” termination proposals slated next week Two of the most significant labor bills of this session have been scheduled for public hearings before the Joint Standing Committee on Labor and Housing. Both bills would considerably alter the business landscape in Maine by adding significantly to the cost of doing business here and by making the state an outlier to nearly every other state in the country. If either bill or, even worse, both bills pass, the impact on the business environment here would be nothing short of catastrophic. Therefore, we are asking that our members testify in opposition to these critical bills. |
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Governor Mills signs bipartisan supplemental budget supporting Maine businesses and workers into law Earlier today (March 18), Governor Janet Mills announced that she has signed the Fiscal Year 2020-2021 supplemental budget into law. The bipartisan supplemental budget, which passed the Senate unanimously and the House by a vote of 139-1, provides State income tax relief to all Maine businesses that received Paycheck Protection Program funds and exempts unemployment benefits from State income taxes for approximately 160,000 Mainers.
The Governor also signed into law a package of bills that, in part, codifies into law Executive Orders she has issued supporting restaurants, bars and distilleries, which have been adversely impacted by the COVID-19 pandemic. |
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Governor Mills announces extension of State Income Tax Deadline to May 17, 2021 Governor Janet Mills announced today (March 18) that the State of Maine will move the deadline for Maine individual income tax payments from April 15, 2021 to May 17, 2021. The change aligns with the Federal government’s recent extension of the Federal tax filing and payment deadline. |
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Chamber testifies in opposition to three more bills seeking to increase income taxes On Tuesday, March 16, the Maine State Chamber of Commerce testified before the Joint Standing Committee on Taxation in opposition to three bills that would increase income taxes in the state. Linda Caprara testified on behalf of the Maine State Chamber in strong opposition to LD 495, An Act to Improve Tax Progressivity by Establishing New Top Individual Income Tax Rates; LD 532, An Act to Lower income Taxes for Middle Income Families in Maine; and, LD 570, An Act to Provide for Fairness in the Taxation of Extraordinary and Unearned Income by Establishing a 3 Percent Surcharge on Net Capital Gains and Dividend Income over $250,000 for Taxpayers Filing Single or Married Filing Separate Returns and Over $500,000 for Taxpayers Filing Joint Returns. |
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Recent Media Interviews
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Maine State Chamber opposes legislation to limit foreign investments, free speech The Maine State Chamber delivered testimony to the Joint Standing Committee on Veterans and Legal Affairs for a public hearing on Monday, March 15, in opposition to three bills: LD 194, An Act To Prohibit Contributions, Expenditures and Participation by Foreign Government-owned Entities To Influence Referenda (EMERGENCY); LD 479, An Act To Ban Foreign Campaign Contributions and Expenditures in Maine Elections; and, LD 641, An Act To Prohibit Contributions, Expenditures and Participation by Foreign Nationals To Influence Referenda (EMERGENCY). |
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Education committee considers proposal to develop STEM employment and higher education opportunities In its latest public hearing, the Education & Cultural Affairs committee heard testimony on LD 515, An Act To Create New Models of Maine Manufacturing Employment and Education. Sponsored by Rep. Michael Sylvester (D-Portland), this bill would require the STEM council to coordinate the development of STEM employment and higher education opportunities. This would require public-private partnerships and involve the University of Maine System, the Maine Community College System, Adult Education, the Finance Authority of Maine (FAME), and the Loring Development Authority. |
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Massive survey outlines biggest 2021 Maine business needs Signs of optimism, injection of cash and Covid reimbursements highlight results More than 500 Maine business leaders from 35 industries helped the Maine Association of Chamber of Commerce Executives (MACCE), the Maine State Chamber of Commerce and the Maine Tourism Association (MTA) chart the course for 2021 by participating in the 2021 Moving Forward Business Survey. The six-part comprehensive survey was administered in December 2020 to capture the perspective of business owners heading into 2021. Survey analysis finished two weeks ago and the final 36-page report was released on March 16, 2021. Read the press release online, as well as the executive summary and key takeaways. |
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